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Video: 3 executives win lottery jackpot

Transcript of: 3 executives win lottery jackpot

BRIAN WILLIAMS, anchor:In the insult to injury department tonight, three financial executives, asset managers from
Greenwich
,
Connecticut
, are your new winners of the
Powerball lottery
, $254 million. It is the biggest lottery prize in
Connecticut
history. They looked a little stunned. The three guys, you'll be happy to know, chose the lump sum payment. They said today a significant portion of it will go to charity. When

ROCKY HILL, Conn. — Members of a wealth management firm on Monday claimed a $254 million Powerball jackpot first announced on Nov. 2.

The 27-day mystery of who won ended when Greg Skidmore, Brandon Lacoff and Tim Davidson appeared at the Connecticut Lottery headquarters and revealed themselves as the trustees for a family trust created to handle the funds.

The Putnam Avenue Family Trust, named after the street address for Belpointe Asset Management, is taking the after-tax lump sum of $103.5 million in cash. It was not clear how many members are in the trust.

A lawyer for the trust said a "significant amount" will go to charity.

Davidson, a portfolio manager with Belpointe Asset Management, bought the $1 quick pick ticket at the Shippan Point Getty station in Stamford. The winning numbers were 12-14-34-39-46, Powerball 36.

Lacoff is managing director of the firm.

The three sat stoically at a conference table sipping bottled water as their attorney answered questions, declining to describe the trio's relationship with one another, how they came to purchase a $1 ticket together or what they would do with the money, except to say that Connecticut charities would benefit from the windfall.

"From the first conversation I had with them, it was very philanthropic," he said. "Charities was definitely, probably No. 1 on their priority list."

As they were leaving the news conference, Skidmore, who is president of Belpointe, stopped at the microphone to identify himself and his partners and said, "And it feels good," before leaving the room.

The jackpot was the largest ever won in Connecticut and the 12th biggest in Powerball history.